Crypto-asset service provider (MiCA CASP) · Latvia

Crypto-asset service provider licence under MiCA (Latvia)

The Crypto-asset service provider licence under MiCA is issued by Latvijas Banka (LB) under Regulation (EU) 2023/1114 on markets in crypto-assets (MiCA). It can be passported to the other EU/EEA states by notification. The official register lists 10 current holders. The legal decision period is 25 working days completeness review, followed by 40 working days decision period under MiCA Art. 63. The application fee is EUR 2,500. Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator LBMarkdown · Data (CC BY 4.0)
Crypto-asset service provider licence under MiCA: licenceCASP

At a glance

Official nameCrypto-asset service provider licence under MiCA1
Issued byLatvijas Banka
JurisdictionLatvia
Licence familyCrypto-asset service provider (MiCA CASP)
Legal basisRegulation (EU) 2023/1114 on markets in crypto-assets (MiCA)2
Regulation (EU) 2023/1113 on information accompanying transfers of funds and certain crypto-assets (TFR)3
PassportingEU/EEA passport available
Application feeEUR 2,5001
Annual feeup to 0.6% of gross revenue per calendar year (minimum EUR 3,000)1
Statutory decision time25 working days completeness review, followed by 40 working days decision period under MiCA Art. 631
Public registerofficial register4
Current holders104

What it lets you do

  • Custody and administration of crypto-assets. Safekeeping or controlling crypto-assets, or the means of access to them such as private keys, on behalf of clients.
  • Operating a crypto-asset trading platform. Managing a multilateral system that brings together buying and selling interests in crypto-assets so that contracts are concluded.
  • Exchange of crypto-assets for funds. Buying or selling crypto-assets against fiat money using the provider's own capital.
  • Exchange of crypto-assets for other crypto-assets. Concluding contracts with clients to swap one crypto-asset for another using the provider's own capital.
  • Execution of orders for crypto-assets on behalf of clients. Concluding agreements to buy or sell crypto-assets on behalf of clients, including subscribing to offers.
  • Placing of crypto-assets. Marketing crypto-assets to purchasers on behalf of or for the account of the offeror or a related party.
  • Reception and transmission of orders for crypto-assets. Receiving a client's order to buy or sell crypto-assets and passing it to a third party for execution.
  • Advice on crypto-assets. Giving personalised recommendations to a client about transactions in crypto-assets or the use of crypto-asset services.
  • Portfolio management of crypto-assets. Managing portfolios that include crypto-assets on a discretionary, client-by-client basis under a mandate.
  • Transfer services for crypto-assets. Moving crypto-assets on behalf of a client from one distributed-ledger address or account to another.

Where it is valid

Latvia licence, passportable across the EU/EEAATBEBGHRCYCZDKEEFIFRDEGRHUIEITLVLTLUNLPLPTROSKSIESSEISNOMTLI
Issued in Latvia (gold); can be passported to the other EU/EEA states (blue) by notification.

Cost

Cost components, upper bound total EUR 2,500.6Application fee: EUR 2,500Annual supervisory fee: EUR 0.6
Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model.

How long it takes

Time to licence: statutory 1.2-1.2 monthsStatutory1.2 months

Statutory: 25 working days completeness review, followed by 40 working days decision period under MiCA Art. 631. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions.

Buying a company that already holds it

Prior approval required. Acquiring or increasing a qualifying holding reaching or crossing 10%, 20%, 33%, or 50% of capital or voting rights, or causing the entity to become a subsidiary, requires prior notification and approval from Latvijas Banka. Under Latvijas Banka Regulation No. 241 and the Credit Institution Law, the assessment period is 60 working days from receipt of a complete notification, interruptible once by up to 20 or 30 working days to request supplementary documents; Latvijas Banka evaluates reputation, financial soundness, and AML/CFT compliance before issuing approval.5

Ready-made companies holding this licence: see verified positions.

Laws behind it

Getting this licence

Protegra handles this licence end to end: CASP licensing in Latvia: process, timeline and our fee.

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

  1. bank.lv: crypto asset service providers · retrieved 2026-09-24
  2. eur-lex.europa.eu: HTML (32023R1114) · retrieved 2026-09-24
  3. eur-lex.europa.eu: HTML (32023R1113) · retrieved 2026-09-24
  4. bank.lv: market participants · retrieved 2026-09-24
  5. bank.lv: procedure for the evaluation of qualifying holding · retrieved 2026-09-24

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